The 5 Years Before You Retire: Retirement Planning When You Need It the Most

The 5 Years Before You Retire: Retirement Planning When You Need It the Most

by Emily Guy Birken


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A comprehensive guide to planning your future retirement before it's too late!

Even though half of all Americans put money aside for retirement, it isn't until they reach their sixties that many realize that they haven't saved enough. With The Five Years Before You Retire, you'll hone in on what you need to do in the next five years to maximize your current savings and create a realistic plan for your future. This book guides you through each financial, medical, and familial decision, from taking advantage of the employer match your company offers for your 401k program to enrolling in Medicare to discussing housing options with your family. Covering every aspect of retirement planning, these straightforward strategies explain in detail how you can make the most of your last few years in the workforce and prepare for the future you've always wanted.

Whether you just started devising a plan or have been saving since your first job, The Five Years Before You Retire will show you what you need to do now to ensure that you live comfortably for years to come.

Product Details

ISBN-13: 9781440569722
Publisher: Adams Media
Publication date: 01/01/2014
Pages: 240
Sales rank: 169,331
Product dimensions: 5.40(w) x 8.30(h) x 0.90(d)

About the Author

Emily Guy Birken is a finance writer who writes the “Live Like a Mensch” column for The Dollar Stretcher. She is also a contributor to Wise Bread, PT Money, Money Crashers, Yahoo! Finance, and Business Insider, and many other personal finance sites. She edits and writes for the FinCon blog, an annual conference for financial bloggers. She is the author of The 5 Years Before You Retire, Choose Your Retirement, Making Social Security Work for You, and End Financial Stress Now. You can visit her at

Table of Contents

Introduction 9

Part 1 The Nitty-Gritty of Retirement Finances 13

Chapter 1 How Far Away Are You? 15

Chapter 2 Saving and Budgeting for the Next Five Years 21

Chapter 3 Income in Retirement 45

Chapter 4 Find the Right Financial Planner 67

Part 2 The Government Giveth (and Taketh Away) 79

Chapter 5 What to Expect from Social Security 81

Chapter 6 Taxes and Your Retirement Income 91

Chapter 7 What to Expect from Medicare 105

Chapter 8 Planning for Health-Care Expenses in Retirement 125

Part 3 Home, Family, and Other Considerations 149

Chapter 9 Housing in Retirement 151

Chapter 10 The Family Fortunes 167

Chapter 11 Creating a Budget on a Retirement Income 177

Chapter 12 Common Retirement Pitfalls 187

Chapter 13 If You Don't Have Enough Saved 199

Appendix: Retirement Syllabus 215

Bibliography 226

Index 230

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